Compu-DAWN and Boca Research Enter Into Strategic Alliance for Development of New Internet Solution Device.CEDARHURST, N.Y.--(BUSINESS WIRE)--March 3, 1999-- Boca Research Takes Equity Ownership in Compu-DAWN Compu-DAWN, Inc. (Nasdaq:CODI CODI Cornucopia Of Disability Information CODI Committee on Development Information CODI Customers of Dynix, Inc. (user group) CODI Consortium Omscholing Docenten Informatica (The Netherlands) ) and Boca Research, Inc. (Nasdaq:BOCI BOCI Bank of China International BOCI Buckner Orphan Care International ) today announced they are entering an agreement that provides e.TV Commerce, Inc. ("e.TV"), Compu-DAWN's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , with an exclusive arrangement, subject to certain exceptions, to market Boca Research's advanced network capable TV set-top box The cable TV box that sits on "top" of the TV "set," although it is often located several feet away in an equipment rack. The set-top box descrambles the premium channels and provides a tuner for the higher cable numbers that very old TVs did not support. . Boca has agreed not to manufacture the TV set-top box for any other multi-level marketing Multi-level marketing (MLM, now sometimes called network marketing) is a business model that combines direct marketing with franchising. Multi-level marketing businesses function by recruiting salespeople (also called Distributors, Independent Business company which resells local and/or long distance telephone services or Internet access See how to access the Internet. services, subject to, among other things, minimum purchase requirements. e.TV has committed to purchase 36,000 set-top boxes to be private labeled "e.TV On-line(TM)" within the next 12 months. The minimum purchase requirements increase to 80,000 units in the following 12 month period. Additionally, Compu-DAWN and Boca Research have agreed to jointly develop new models of e.TV On-line(TM) that will provide various additional features and functionality with a view towards bringing the Internet and e- commerce into the entertainment room of the house. The key attributes of the e.TV On-line(TM) device is that it (i) provides consumers with complete access to the Internet through the existing television set over a standard telephone line, conveniently and at a fraction of the cost, (ii) allows the consumer to conduct electronic commerce through e.TV's own shopping mall (www.etvshop.com), and (iii) provides users with a variety of different software applications through its network computing Storing and/or running applications in servers in a network. See cloud computing and network computer. capability. Related to this agreement, Boca Research has been issued approximately 120,000 shares of Compu-DAWN's common stock (approximately 3% of the issued and outstanding shares). "e.TV is strengthening its position in the Internet and e-commerce business through sales of e.TV On-line(TM), manufactured by Boca Research. Through our referral network marketing organization, we expect to develop a major presence with many thousands of customers who want to access the World Wide Web with state-of-the-art technology from the comfort of their living rooms, hassle free and at a reasonable cost," said Ted Turner For other persons named Ted Turner, see Ted Turner (disambiguation). Robert Edward Turner III (born November 19 1938 IV, Chairman of the Board of e.TV Commerce, Inc. "A new family of TV set-top boxes developed by Boca Research and marketed by e.TV Commerce, Inc. will provide significant added benefits to e.TV customers, including increased scalability and system performance, increased reliability, improved ease of administration, and increased support for new entertainment applications including streaming video A one-way video transmission over a data network. It is widely used on the Web as well as company networks to play video clips and video broadcasts. Computers in home networks stream video to digital media hubs connected to a home theater. on demand. The next generation of e.TV On-line(TM) will be Java-based, customized for e.TV clients," said Louis Libin, chief technology officer of Compu-DAWN, Inc. "TV set-top boxes manufactured by Boca Research provide e.TV customers with e-commerce, entertainment, and business operational efficiencies via the Internet. With the integration of existing and enhanced applications, the new set-top box will be a major step forward in extending the reach of the overall market. With server-based thin client computing See thin client. entering the mainstream, there is a simple cost-effective way to bring the average consumer onto the Internet. We are excited about the alliance we have formed with Compu-DAWN, and the opportunities that await us," said Navroze Mehta, executive vice president and general manager for Boca Research. About e.TV Commerce Inc. e.TV, founded in January 1999, is a wholly owned subsidiary of Compu-DAWN, Inc. (Nasdaq:CODI). e.TV is in the business of Internet, e-commerce, and telecommunications. Sales of its products and services are sold primarily through a referral network marketing organization of 18,000 representatives. Access the e.TV Commerce, Inc. and Compu-DAWN website at http://www.compuDAWN.com for further information. About Boca Research Founded in 1985, Boca Research (Nasdaq:BOCI), a domestic corporation headquartered in Boca Raton, Florida Boca Raton ("bōkə rə-tōn") is a city in Palm Beach County, Florida incorporated in May 1925. As of the 2000 census, the city had a total population of 74,764; the 2006 population recorded by the U.S. Census Bureau was 86,396. , designs, manufactures, markets and supports quality cost-effective thin client/server devices, information appliances, data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. , and networking products to facilitate the electronic transmission of information. For more information, visit their website at http://www.bocaresearch.com. Forward Looking Statements Certain information contained in this announcement are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. ". Compu-DAWN cautions readers that certain important factors may affect actual results and could cause such results to differ materially from any forward-looking statements which may be deemed to have been made in this announcement or which are otherwise made by or on behalf of Compu-DAWN. For this purpose, any statements contained in this announcement that are not statements of historical fact may be deemed to be forward-looking statements. Factors which may affect results include, but are not limited to, the risks and uncertainties associated with multi-level network marketing, the Internet and Internet related technology and products, new technology developments, developments and regulation in the telecommunications industry, the risk of loss of management and personnel, the competitive environment within the Internet and telecommunications industries industry, the competence required and experience of management and economic conditions. |
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